secwatch.observer — SEC 8-K summary
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Issuer:     PENSKE AUTOMOTIVE GROUP, INC. (PAG)
CIK:        0001019849
Form:       8-K
Filed at:   2023-10-25T23:59:59+00:00
Accession:  0001019849-23-000144
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Penske Automotive Q3 revenue up 8% to $7.4B, net income down 23%, EPS $3.92
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- Revenue $7.4B (+8% YoY); net income $263.4M (-23%); EPS $3.92 vs $4.61.
- Same-store service & parts revenue +9%; commercial truck same-store gross profit +6%.
- Dividend raised 9.7% to $0.79/share; YTD increase of 39% from $0.57.
- PTS equity income $84.1M vs $135.5M last year due to higher interest and maintenance costs.
- Acquired BMW/Porsche dealerships in Wilmington, NC (~$140M ann. rev.) and TSTC Winnipeg (~$180M).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1019849/000101984923000144/0001019849-23-000144-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1019849/000101984923000144/pag-20231025.htm
  HTML page:      https://secwatch.observer/filing/0001019849-23-000144

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer